Bitcoin Volatile as Ever: Try Margin Trading on Bexplus

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Bitcoin bull slashes previous BTC price prediction

In yet another week marked by significant volatility, the price of Bitcoin briefly broke above the US$13,000 [AU$18,520] mark before falling sharply once again.

During the July 11th Asian trading session, Bitcoin was trading at $11,400 but just 24 hours later, BTC had lost more than 10% of its price.

The losses for many altcoins were even more pronounced. Ethereum (ETH) lost almost 14%, trading around $270, while EOS and XRP lost even more – 26% and 20% respectively.

Despite Bitcoin’s downturn this week, investors are very positive about its future.

Anthony Pompliano, Co-founder and Partner at Morgan Creek Digital Assets, told Yahoo Finance that there’s plenty of room for Bitcoin growth in the next two years.

“I think by the end of 2021 we’ll see it eclipse $100,000,” he said.

In terms of the next level to watch for, Pompliano believes that $20,000 is the next threshold.

“$20,000 is a big one. It’ll set a new all-time high once it breaks through that… I think it’ll really pull people in… But I don’t think we’re going to go from $12,000 where we are today to $50,000 or $100,000. I do think it’s going to take 6 to 24 months.”

Other factors contributing to Bitcoin’s growth are global instability and increasing levels of institutional interest.

Many investors have begun to see Bitcoin as a hedge instrument against what some experts believe is the coming financial crisis.

For example, on Monday Deutsche Bank, one of the world’s largest banks, announced that it will cut 18,000 jobs and close its investment banking division.

Some believe that it is a sign the traditional financial sector is fading away and that Bitcoin and crypto will somehow step in to fill the void.

Crypto derivatives trading: not a bad way to gain profits from BTC volatility

Bexplus is a fast-growing margin exchange with 100x leverage where investors can trade futures on BTC, ETH, LTC, EOS, and XRP.

Some of the advantages of trading on Bexplus include:

  • Simplicity
  • Lack of spread
  • Trading simulator
  • Security
  • Quick withdrawal and deposit times
  • Responsive 24-hour technical support
  • Additional bonuses (for example, up to 72% annual interest rate for a deposit)

Crypto derivatives trading: not a bad way to gain profits from BTC volatility

Bexplus invites all its users to participate in our cashback bonus event. When you deposit any amount of Bitcoin, you will receive a 100% bonus!

For example, if you deposit 0.1 BTC, your account will have 0.2 BTC, which you can use to trade, increasing your chances of earning more profit.

Make a deposit on Bexplus and win iPhone XS Max

Make a deposit on Bexplus and win iPhone XS Max

This July, Bexplus users can get valuable gifts by making deposits: gifts vary from Amazon Gift Cards to iPhone XS Max!

New referral bonus activity

New referral bonus activity

Bexplus believes in rewarding its users for referring new users to its platform and has recently increased its referral bonuses. Now, when you refer your friends to Bexplus, you can earn bonuses of up to 15%!

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